Seapatrick Parish Church (Banbridge/Seapatrick/Holy Trinity and St. Patrick's/Down and Dromore/Church of Ireland) Annual Report and Financial Statements for the year ended 31 December 2024 Registered with The Charity Commission for Northern Ireland NIC101230
Seapatrick Parish Trustees, Annual Report for the year ended 31 December 2024 The Trustees present the annual report and financial statements for Seapatrick Parish for the year ended 31 December 2024. Refrrente and Administmtive Infomiation Charity Name: Banbridge/Seapatrick/Holy Trinity and St. Patrick's/Down and Dromore /Church of Ireland (otherwise referred to as "Seapatrick Parish") Charity Registration Number: NIC101230 Contact Address: Church Square BANBRIDGE BT32 4AA Chority Trustees Rev Willie Nixon- from August 2024 Alison Adams (Mrs) David Adams Oona8h Alway {Ms) Robert Barr- until April 2024 Beverley Burns- from April 2024 Doreen Cherry (Mrs) Bill Gault Freda Gilchrist (Mrs) Roly Harwood John Heaslev Paul Humphries Claire Jones (Ms) Michael Mccarter Cathy Morton (Miss) Peter Morton Diane Ruddock (Mrs) Nigel Smyth Basil Stewart Darrell Stewart Ruth Taylor (Ms)- until April 2024 Anna Williams {Rev'd}- until November 2024 Pnncipal Officfrbearers Rector: Rev Willie Nixon Secretary: Mrs Alison Adam5 Treasurer: Basil Stewart Bankers Ulster Bank, Bridge Street, Banbridge, BT32 3JT
Seapatrick Parlsh Trustees, Annual Report for the year ended 31 December 2024 Strurture, Governonce and Manogement Governing Document The Parish is administered in accordance with The Constitution of The Church of Ireland published by The General Synod of The Church of Ireland. Recruitment and Appointment of Trustees All members of the Church of Ireland who are 18 years or over and are either resident or have been accustomed members of the congregation for at least three months, and have subscribed to parish funds in such a way that they can ask for a receipt, may register as members of the general vestry of the parish, allowing them to attend and vote at meetings of the general vestry and to stand for election to the select vestry. A meeting of the general vestry, known as the Easter vestry, 15 held each year not earlier than twenty-seven days before, and not later than twenty days after, Easter Day. The general vestry meeting may not be held withiri the period from the Sunday next before Easter (Palm Sunday) to Easter Day (inclusive). At that meeting the Rector appoints a Rector's Churchwarden for Holy Trinity and a Rectorfs Churchwarden for St Patrick's,. he also appoints a Rectorfs Glebewarden. The general vestry elect a People's Churchwarden for HolyTrinity, a People's Churchwarden for St Patrick's and a People's Glebewarden. The general vestry also elect twelve members to serve on the select vestry, with the Rector, Churchwardens, Glebewardens and Curate Assistant. All members of select vestry are appointed as the charity trustees. The select vestry, chaired by the Rector, is responsible for making decisions on matters of general concern and importance to the parish including deciding how parish funds are to be applied. Trustees do not receive remuneration, reward or other private benefit for carrying out their Trustee responsibility. Objertives & Artivities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Seapatrick Parish is to support the advancement of the Christian religion by promoting, through the work of Seapatrick Parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging with society as a whole and offering support for those needing help are fundamental to the practical delivery of the benefits of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, Seapatrick Parish has custody of property and of records, materials and artefacts of significance to the cultural and religiou5 heritage and maintenance of which is undertaken by the select vestry of Seapatrick Parish.
Seapatrick Parish Trustees, Annual Report for the year ended 31 December 2024 Objertives & Artivities (continued) In setting our objectives and planning our activities for the year the Select Vestry have given careful consideration to The Charity Commission for Northern Ireland's Public Benefit Requirement statutory guidance to ensure that the activities have helped to achieve the charitvs purpose and to provide a benefit to the beneficiarie5. Beneficiaries of both the primary and secondary charitable purposes are the general public and no harm flows from its purposes. Any private benefit arising out of the fulfilment of our Christian ministry or to lay staff is essential to the fulfilment to the purpose of the advancement of religion, but is purely incidental to the purposes of our work. Achievements & Performance Our mission statement; 'Growing in God's Love and Sharing it with Others, underpins all that the Parish seeks to be and to do. We want to be a place where people come to faith and grow in faith as we show and share God's love to all those in the surrounding community - seeking to be the Church at the heart of Banbridge and Seapatrick. We offer a range of services on Sundays, throughout the week and over the course of the year, some following traditional format and others are of a more contemporary style. All are welcome to attend our services. We also provide weekly, monthly and annual programmes and activities for people of all ages. These include, Sunday Space/School, Creche, In5pire- Youth Fellowship, Kids Club, Drop-ln for those of secondary school age, Parents & Toddlers, Tots Get-Together, Life Groups. Choir, Scouts and Guides, Men's Football, Bowling Club, Knitting and Crochet Group, Mothers, Union, Ladies, Guild, We a150 run Alpha Courses and other prayer and outreach initiatives. We have an annual Fete in June, and a Candle-light Carol Service in December. These programmes and activities provide an opportunity for people to come together, enjoy each otherfs company and relax in a friendly environment, to develop and enrich friendships, to build community and a sense of belonging. They provide opportunities for people to come to faith, grow in faith and be encouraged to live out their faith in daily life through the power of the Holy Spirit. We also provide pastoral care and support to people of all ages and at all seasons of life, especially in times of illness, bereavement, challenge or distress. Mission and outreach are central to our life and existence. We engage with a wide range of people through a variety of activities in order to reveal God's love through teaching and in caring and practical ways.
Seapatrick Parish Trustees. Annual Report for the year ended 31 December 2024 Achievements & Performance (continued) We've also developed links and partnerships locally, nationally and internationally. This has included giving £2,500 to the Southern Area Hospice, £l,OCK) to New Wine Ireland, £5,000 to CMSI- Church Missionary Society Ireland, £1,000 to SAMS-South American Mission Society, £1,000 to Fields of Life, £l,ODO to Nl Children's Hospice and £500 to B Positive. Flnancial Review The Parish's principal source of income is from envelopes and standing orders. In 2024 our largest outlay was salaries at £151,46512023 £179,135). The decrease of £27,670 was due to the retirement of the Ven Roderic West in September 2023. His successor, Rev Willie Nixon, was installed in August 2024. Reserves, both unrestricted and restricted, continue to be in surplus with an adequate level of net current assets for the continuation of operational activities. There are no areas of financial concern noted by Select Vestry. ReseThes Policy The Select Vestrfs policy is to retain a level of free reserves or general reserves which matches its needs at the current time and in the foreseeable future. Free reserves are those unrestricted reserves not invested in fixed assets, which are available for general use.
Seapatrick Parish Trustees, Annual Report for the year ended 31 December 2024 Reserves Policy {continuedJ The main reason for holding reseNes is to ensure that the charity has enough resources to fund its programmes and to hold sufficient resources to meet its commitments. The Trustees believe that our reserves policy is both responsible and prudent, but have not specified a particular level of reserves to be held. At 31 December 2024 the Parish held unrestricted funds of £279,928 representing more than 9 months expenditure which is in line with what is regarded as an appropriate level. The Parish also held £873,866 of restricted funds which have been provided for the purposes specified in Note 16. Funds held as custodian trustee on behalf of others There are no funds held as custodian trustee on behalf of others. Plansfvrfvture periods The Select Vestry intend to.. carry out necessary repairs and refurbishments to church property. The Select Vestry also continue5 to support the development of initiatives in the parish and the local community, as we seek to be the Church at the heart of Banbridge and Seapatrick.
Seapatrick Parish Trustees. Annual Report for the year ended 31 December 2024 Payments to Charity Mission and Charity Payments CMSI Kiwoko CMSI - Maridi CMSI- Maridi bicycles Bishops Appeal Bishops Appeal- Pakistan Appeal D & D Rejuvenation Fund Tearfund Church Army Crosslinks Earl Haig Poppy Appeal Fields of Life Church of Ireland & Methodist Centre in Queens South American Mission Society New Wine Ireland 1st Banbridge Guides St Johns Ambulance Love for Life Kilbroney Centre Southern Area H05pice Nl Childrens Hospice VIP Club B Positive Banbridge High School Made for More Habitat for Humanity pips Aware Nl 3,700 1,500 778 51]) 350 5,000 1,000 1,000 1,000 553 1,000 300 1,000 1,000 250 300 1,000 1,000 2,500 1,000 150 500 1,000 3,900 2,700 200 200 33,381
Seapatrick Parish Trustees. Annual Report for the year ended 31 Dernber 2024 Statement of Trustees. Responsibilities The Charities Act {Northern Ireland) 2008 requires charity trustees to ensure that accounting records are kept which are sufficient to show and explain all the charivs transactions, which disclose with reasonable accuracy the financial position of the charity and enable them to ppare statement of accounts which complies with regulation under the Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the pventIOn and detection of fraud and other irregularities. In preparing those financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently; Make judgments and estimates that are reasonable and prudent; State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements: and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence. Approved by the charity trustees and signed on their behalf by, TJ B Stewart Treasurer
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF SEAPATRICK PARISH I report on the accounts of the charity for the year ended 31st December 2024 which are set out on pages 10 to 21. Respectlve responsibilitles of Trustees and Examiner As the chariws trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charities Act. follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the Charities Act; and • state whether particular matters have come to my attention. Basis of Independent Examiner's report I have examined your charity accounts as required under section 65 of the Charities Att and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9I(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material Matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of ACCA which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters111 to {4) listed above and, in connection with following the Direttions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to your attention. B. Magennis FCCA FCA For and behalf of S.M. Vint & Co Chartered Certified Accountants & Registered Auditors 8 Newry Road Banbridge BT32 3HN 23rd October 2025
io Seapatrick Parish Statement of Financial Activities (including the Income & Expenditure account) Forthe year ended 31 December 2024 Note 2024 Unrestricted Restrlcted funds funds 2023 Unrestrlrted Restrlrted funds fund5 Total Total Income and endowments from Donations and legacles Income from charitable activities Other income Investments 287.958 30328 2.714 3,997 8213 5287 6,757 291,955 38A41 8,(Xll 8.139 295,729 23.684 34.462 2.229 4,309 4,372 40.997 3.572 300.038 28,056 75.459 5.801 Total 322,282 24,254 346.536 356.104 53,250 409.354 Expendlture on Charltable activities 346,782 17rt97 364,279 407,251 29,512 436.763 Total 346.782 17A97 364,279 407.251 29.512 436,763 Net incomingl(outgoing) resources before transfers {24.500) 6.757 {17,743 151,1471 23,738 127,4091 Transfer between funds iOJ82 li082> 12.4211 2.421 Net movement in funds (13.618) (4.125) 117.743) 153.568) 26,159 127,4091 Reconcillatlon of funds Total funds brought fOard 293,546 877.991 1,171,537 347,114 851.832 1.198.946 Total funds carrled forward 16 279,928 873A66 1,153.794 293,546 877,991 1,171,537 The ststement of financlal actlvltles Includes all gains and losses recognised in the year. All income and expenditure derive from continuing attivities. The notes on pages 12 to 21 form part of these financial statement5.
li Seapatrlck Parish Balance Sheet at 31 December 1024 2023 rd assets 12 790,000 790.000 Currènt 355ets Debtors Cash at bank and in hand 13 218.293 153.1(K) 206,196 176.941 371393 383.037 c10r$. arnounts falling due wlthln oneyear 7.599 1,500 Net Current 8ssets 363.794 381,537 Total assets less current liabilitie5 1153,794 1,171,537 Total net assets 1.153.794 1.171,537 Unrestrirted lunds Restricted fvnds 16 16 Z79,928 873.866 293,546 877,991 1,153.794 1,171.537 These flnancial staternents were approved and authorfjsed for issue by theTrustees on..... and ed on its behalF by:_ Mrs Allson Adam5- Secretary T J B Stewart-Trustee The notes on pages 12 to 21 form an Integral part of these financial statements.
12 Seapatrick Parish Notes to the financial statements for the year ended 31 December 2024 General Inforniation Banbridge/SeapatricklHoly Trinity and St. Patrick's/Down and Dromorelchurch of Ireland (otherwise referred to as "5eapatrick Parish") is a registered charity in Northern Ireland (number NIC1012301. It Is governed by its constitution a5 a Parish of the Church of Ireland and its principal place of operatlons is Church Square, Banbridge, BT32 4AA. Statement of compliance The financial ststements have been prepared in accordance with The Charltles IAccounts and Reports) Regulations (Northern Ireland) 2015 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charlties preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities 50RP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. A¢¢ountlng pollcles The principal accountlng pollcles adopted, judgements and key sources of estimation uncertainty in the preparatlon ot the financlal ststements are as follows: al Basis of preparation The financial statement5 have been piepared on a going conrn basis under the historical cost convention and in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charrties Pfeparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of lieland IFRS 1021 {Charities SORP IFR5 10211, the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 102). The preparatlon of financlal statements requires the use of certain critical accounting estimates. It also requires Trustees to exercise their judgment In the process of applying the charitys accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions or estimates are significant to the financial statements are disclosed In note 4. The financlal statements include all tran5act5ons. assets and liabllities for which the Parish is responslble in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are Informal gatherln8S of church members. The preserrtation CurnC¥ is £ Sterllng. The Parish meets the def inition of a publlc benetit entity under FRS 102.
13 Seapatrick Parlsh Notes to the flnanclal statements for the year ended 31 December 2024 Accountlng pollcles b) Fund accountlng Funds are classrfied as either restrltted funds or unrestrlcted funds, deflned as follows. Restricted funds are funds subject to speclflc requlrements as to their use which may be declared by the donor or with thelr authority or Created through legal processes, but stlll wlthln the wider objects of the Parish. Unrestricted funds are expendable at the discretion of the trustees In furtherance of the objerts of the chority. If parts of the unrestricted fund5 are earmarked at the discretion ol the trustees for a particular purpose, they are desiEnated as separate fund. This designation has an adrninistrative purpose only and does not legally restrict the trustees, discretion to pply the fund. c) Going concern The Trustees have revlewed the charity's financial position and conclude that they have a reasonable expectation that the charity has adequate resources to contlnue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financlal statements. dl Income Where incoming re50urce5 have related expenditure las with fundralslng Income) the Incomlng resources and related expendSture are reported gross In the Statement of Financial Activities. Voluntary Income, Standing Orders, Plate Collectlons and Weekly Envelopes are accounted for on a tash recelpts basls as the amount Is recelvable. Income arlslng from the rental of Parish Halls to third parties is recognised when the parish has entitlement to the funds. any performance conditSons attached to the income have been met. It is probable that the income will be received and the amount can be measured reliably. Income from goverllrnent and other grants, whether'capital. grants or 'revenue' grants, is recognlsed when the charty has entitlernent to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measijred reliably and is not deferred. Legacles are Included within Income under esther unrestritted or restrlcted funds according to the terms under which the donation Is made and when the amount can be quantified with reasonable certsinty. Donations and gifts In klnd are brought Into the accounts at their fair value to the Parish where this can be quantified. The value of service5 provided by volunteers has not been included in these accounts. Investment income Is Included when receSvable.
14 Seapatrick Parish Notes to Ihe financial Statements for the year ended 31 Dember 2024 Accounting poli¢ies e) Expenditure Expenditure Is recognised on an accruals basis once therels a legal or constru¢tlve obllgation to make a payment to a third party, It Is probable that settlement wlll be requlred and the amount of the obll8ation can be measured rellably. Irrecoverable VAT is charged as a cost against the actfvity for which the expenditure was incurred. The charity contributes to a defined contributior) pension scheme on behalf of certain employees. The assets of the scheme are held separately f rom those of the charity in an independently administered fund and contributions are charged to the Ststement of Financial Activities in the period to which they relate. fj Tangible assets The assets of the Parish comprise:_ Church Buildings and Grounds Parish Halls Rectory Curatage Glebe land Fumlture, fittings & equipment (excluding artefactsl Holy Trinity Church, Banbridge and St Patrick's Church, Seapatrick (including all associated artefactsl are deemed to be trleritage assets os defined by the Charities SORP IFRS102}- These Heritsge assets are not included on the balance sheet as information on the cost or valuation 15 not available and such Information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the Parish. Holy Trinity Church Hall is not physica15y attached to Holy Trinity Church. Banbridge IHerltage asset). but it is situated in the church grounds and is on the same title deed as the church. Thls hall was originally constructed in 1968 and is now in need of major refurbishment. There are no reliable records for the c05t of its construction and any valuation of the hall would lack sufficient reliability as its legal tltle cannot be separated from that of the church Étself. Atcordingly, no value has been ascrlbed to Holy Trlnlty Church Hall on the balance sheet. The Rectory, Curatage at Larchwood Avenue. Banbridge together wlth St Patrick's Church Hall, Seapatrick and glebe land are recognlsed at market valuation belnB the estimated fair value of the property at 3151 December 2024.
15 Seapatrick Parish Notes to the financial statements for the year ended 31 December 2024 Accounting policies fj Tangible a55ets Icontinuedl No depreclation has been provlded on the properties as the current estimated residual value is not le55 than its carrying value and the remaining useful life currently exceeds 50 years. Furniture. frttings & equipment are stated at cost less accumulated depreclation and accumulated impalrment losses. Depreclation is calculated, usin8 the str3ight-line method, to allocate the depreciable amount of furniture, fitting5 & equipment to their residual values over the experted useful economic live5 Of the assets concerned li.e. over a three-year period). 81 Tax As a charlty, the Parish benefits from varlous exemptions afforded by tax legislation. It Is therefore not liable to corporation tax on income or gains falllng dye within those exemptions. Recovery Is made of tax deducted f rom receipts under gift aid. Critical judgments and estlmation uncertainty Criticoljudgment5 in appfylng the charitrf5 accounting policies As mentioned in note 3lfl abDve, no value has been ascribed to HolyTrinity Church Hall on the balance sheet as there are no reliable records for the cost of its constlLFCtion and any valuation of the hall would lack sufficient reliability. Keyaccountlng estimotss ond ossumptlon5 There are no key a¢countin8 estlmates or assumptions in applySng the chariWs accountlng policie5,
16 Seapatrick Parlsh Notes to the financlal statement5 for the year ended 31 December 2024 Donatlons & legacie5 2024 Unrestrlrted Restrirted 2023 Unrestricted Restrlcted Totsl Totsl Envelopes & stsnding orders Plate collections Special envelopes Mission Envelopes Gift day Gift Aid Building Fund Donatlons from parishioners Bequests & donatlons Grants recefved 205,475 9,074 13,771 205,475 9,074 13,771 3.997 174,115 7,259 4,618 174,115 7,259 4.618 4.309 11.995 43,311 7.268 3,997 4,309 11,995 43,311 7,268 45.677 8,872 546 4.543 45,677 8.872 546 4,543 47,163 47.163 287.958 3,997 291,955 295,729 4,309 300,038 Other thatitable artlvltles 2024 Unrestii¢ted Restrlrted 2023 Unrestrlrted Restrlrted Total Total Hlre of halls & property Summer fayre Organlsations Fees for wedding5 & funerals Charity collertiot)S 7,857 9,546 12,745 80 7,857 9,546 12,745 80 8,213 6,343 9,636 7,510 195 6,343 9,636 7,510 195 4,372 8.213 4,372 30,228 8,213 38,441 23,684 4,372 28,056 Other income 2024 Unre5trirted Restrlrted 2023 Unrestrlcted Restrlcled Total Total Galn on Sale of property Insurance claim re repairs Diocesan contrlbution for Archdeacon Collection for former rectorlcurate Sundry 33,537 33.537 26,566 2.543 7.460 5,353 26,566 2,543 5,287 5.287 2,714 7.460 2,714 5,353 2,714 5.287 8,001 34,462 40,997 75,459 Investments 2024 UnrestrlctedRe$trlcted Total 2023 Unrestrlcted Restrlrted Tot•1 Dlvldends Other Interest IRCBI Bank interest 1,342 1.342 6,757 2,137 2,137 3,572 92 6,757 3,572 40 92 1,382 6.757 8.139 2,229 3,572 5,801
17 Seapatrick Parlsh Notes to the flnanclal statements for the year ended 31 December 20Z4 Breakdown of expendlture on charttable artlvltles 2024 2023 Total Unrestricted Restrirted Unrestrirted Restri¢ted Total Salarles and stlpends Dlocesan assessment Rertoryand curatage expenses Heat and Ilght Repairs Administration costs AccoLrntancy expen5e5 Ministry expenses Catering expenses Sundryexpense5 Payments to former rectorlcurate Charitable donatlons Parlsh organlsatlon expenses Project delivery expenses 151,465 23,230 70,956 18.956 11,435 22,920 1,620 11.347 4,305 2.082 151,465 23,230 70,956 18,956 11,435 22,920 1.620 11,347 4.305 2,082 5,287 33,381 7,295 179,135 21,682 9,761 18,820 114,995 25,858 1,500 8,133 179,135 21,682 9,761 18,820 114.995 25,858 1.500 8,133 825 825 7,460 28.122 7,101 13,371 5.287 12,210 7.460 8,681 21,171 7,295 19.441 7,101 13,371 346,782 17,497 364,279 407,251 29,512 436,763 io. stsff costs 2024 2023 Salaries and stipends Employers national insurance Pension costs 135,262 6,341 9,862 153.372 7.710 18,053 151,465 179,135
18 Seapatrick Parish Notes to the financial statements for the year ended 31 December 2024 io. stsff costs Icontinuedl The average number of persons employed during the year was 2024 2023 Clerical and ministerial team Maintenance Admlnistratlon Organist No employee12023.' none) reiVed remuneration totalling more than £60,0 during the year. The charity contributes to a defined contribution pension scheme on behalf of certain employees. The a55ets of the scheme are held Separately from those of the charity in an independently administered fund. The contributlons made by the Parlsh durlng the year totalled £9,86212023: £18.0531. The following Trustees received remuneration from the charity lunder the provisions of the charity's constitution) during the year ended 31 December 2024, as follows- Salary Penslon Revd W S Nlxon- Rector Rev A Wllllams- Curate Ito 4 December 2024} Mlss C Morton-worshlp leader 19,923 37.977 575 2,317 5,083 No trustee expenses were Incurred dLtring the year ended 31 December 2024. ii. Taxatlon Seapatrick Parish is recognised as a charity for the purposes of applicable taxatlon leglslatlon and Is therefore not subject to taxation on its charitable activities.
19 Seapatrick Parish Notes to the financial statements for the year ended 31 December 2024 12. Tangible fixed assets Land & bulldln8S Totsl Cost or valuatlon At l January 2024 & at 310ecember 2024 790,000 790,000 At l January 2024 & at 31 Oecember 2024 Depreciation At ljanuary 2024 & at 31 December 2024 Net I0k value At 31 December 2024 790.000 790,000 At 31 December 2023 790,000 790,rKJo The Trustee5 have used valuatlons provlded by a local estate agent to value the propertles held by the Parish. All property, with the exception of a curatage Sn Larchwood Avenue, Banbridge, are vested in the Representative Church Body, The Trustees of the Parlsh are responsible for the malntenance and upkeep of these propertles. The figure5 noted above do not include a valuatlon of Holy Trinity Church. Banbrldge and St Patrlck's Church, Seapatrlck as these properties and all artefacts contained therein are deemed to be heritage 355ets. the cost/valuatlon is not available and such information cannot be obtalned at a cost Commensurate with the benefit to the users of the accounts Debtors 2024 2023 Monies held by RCB HMRC Gift Aid Other debtors Insurance prepayment 193,867 18.963 196 5.267 187.110 13.711 5,275 218,293 206.096 14. cdItors. am¢)unt due within one year 2024 2023 Accruals and deferred income 7,599 1,500 Is. Analysls of net assets between fund5 Unrestrirted funds Restrirted funds Total Flxed assets Net current assets iio,000 169,928 680,000 193,866 790,000 363.794 279.928 873,866 1,153,794
20 Seapatrick Parish Notes to the financial statements for the year ended 31 December 2024 16. Funds movement l January 2024 31 December 2024 Income Expenditure Transfers General fijnd Youth & Childrens. fund Larchwood property fund Building & refurbishment fund 143,868 313,410 1346.7821 5,876 5.tKJ6 116,372 5,006 IiO,OLK) 48,550 iio,000 39,678 8,872 Total unrestrlcted fund5 Z93,546 322.282 1346,7821 iowz 279,928 General fund Property fund Col Orphan's Society fund CAP fund Baby Basics fund Who Let The Dads Out fund 17,497 6,757 117,4971 867,109 4,432 4.348 975 1.127 873,866 {4,4321 {4,3481 19751 {1.1271 Total restrirted funds 877.991 24.254 117.497) 110.8821 873A66 Totsl funds 1,171,537 346,536 1364,279 1,153,794
21 Seapatrick Parlsh Note5 to the financlal statements for the year ended 31 December 2024 17. Related Party Transartions Total donations received from Trustees and their related parties for the year amounted to E26.51612023: E29.3161, Below are disclosed the annual payments made to related partles during the year ended 31 December 2024: Naftle of Related Porty RelatIonsh to Seopotiick Parlsh Revd w S Nlxon Revd A Wllllams Mlss Cathy Morton Trustee- remuneration in¢ludln8 pension Trustee- remuneration including penslon Trustee- remuneration 25.006 40.294 575 Revd Nlxon & Revd Wllllams received remuneratlon as Rector and Curate, not In thelr capacity as Trustees. Miss Morton received remuneration in her capacity as a worship leader, not in her capaclty as Trustee. The Parish contributed £23,23012023: £21,682) towards Dlocesan Assessments during the year. 18. Volunteers The work and 5UPPQrt of members of the congregations In the Parish as volunteers Is vital to the operation of the Parish. Volunteers undertake many roles Including encouraging prayer. acting within thelr local churches and ommunltles, enthusing others and fundraising.